As this great chart from my pals over at the Bipartisan Policy Center shows, Rep. Paul Ryan’s Path to Prosperity budget would reduce debt as a share of GDP more than all the rest. And that actually understates the PTP’s superiority. Plug in faster growth numbers from Ryan’s tax reform plan, and debt/GDP would dip into the 50% range. Of course, a quicker transition into his Medicare premium support plan would drop debt levels even faster…
Also of Interest
The IRS and big government
The expanding Internal Revenue Service scandal could hardly be any more Drudgeriffic.
Ferguson's blooper on Keynes
It was an unusually feisty weekend in corners of the blogosphere and Twitterverse where dwell economists and economic-policy wonks.
The upside of economic pessimism
The disappointing first-quarter GDP report dashed hopes that 2013 might prove a breakout year for the U.S. economy.